Business Context and Reporting Period
Company: Sportsman's Warehouse Holdings, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 12, 2015
Event: Regulation FD Disclosure regarding an upcoming investor presentation.
Key Event
John Schaefer, Chief Executive Officer, is scheduled to present at the ICR XChange Conference on Tuesday, January 13, 2015. The presentation materials are attached as Exhibit 99.1.
Financial Metrics
This filing does not contain specific financial results, revenue figures, profit margins, cash flow data, debt levels, or liquidity metrics for any reporting period. The document serves solely to disclose the upcoming presentation and define the company's Non-GAAP financial measures.
Defined Non-GAAP Measures
Management utilizes the following supplemental measures for business evaluation, though specific values are not provided in this text:
- Adjusted EBITDA: Net income plus interest, taxes, depreciation, amortization, stock-based compensation, pre-opening expenses, IPO-related bonuses, bankruptcy expenses, acquisition expenses, and e-commerce start-up costs.
- Adjusted EBITDA Margin: Adjusted EBITDA divided by net sales.
- Free Cash Flow: Adjusted EBITDA less capital expenditures.
- Adjusted Operating Income: Income from operations plus IPO-related bonus expenses.
- Adjusted Net Income: Net income plus IPO-related bonus expenses, less related tax benefits.
- Adjusted Earnings Per Share: Based on an adjusted weighted average share count assuming the IPO was effective as of February 3, 2013.
Material Changes
The filing does not report material changes in financial performance or operations compared to prior periods. It only notes the disclosure of forward-looking presentation materials.
Guidance, Outlook, and Risks
Outlook: The company intends to present its business outlook at the ICR XChange Conference on January 13, 2015. Specific guidance numbers are not included in this 8-K text.
Risks and Limitations: The filing explicitly states that the Non-GAAP measures defined are not substitutes for GAAP measures. They have limitations as analytical tools and should not be considered in isolation. Additionally, the information in this report and the attached exhibit is not deemed "filed" under Section 18 of the Exchange Act and is not subject to the liabilities of that section.
Investor Verification Checklist
- Review Exhibit 99.1 (Investor Presentation) for specific financial data, guidance, and strategic updates not contained in this 8-K summary.
- Verify the reconciliation of Non-GAAP measures to GAAP measures in the attached presentation materials.
- Confirm the date and time of the ICR XChange Conference presentation on January 13, 2015.
- Note that the Non-GAAP definitions provided may differ from those used by other companies in the industry.